Converting inherited IRA into Roth IRA

Submitted by Kevin Holzgruber on Thu, 2024-11-07 10:49

Hello,

I’ve read some articles regarding converting an. Inherited IRA into a Roth IRA. Contrary to campaign promises I believe over time Tax rates will have to increase. For this reason I think it would make sense to convert my inherited IRA into a Roth if allowed. Can you tell me if it is allowed and what, if any limits there are associated with the conversion.

Thank you for any information you can share.

Kevin



Submitted by Alan - IRA critic on Thu, 2024-11-07 14:07

A non spouse beneficiary cannot convert an inherited IRA to an inherited Roth IRA because a conversion is treated as a distribution and rollover and a non spouse beneficiary cannot roll over a distribution.

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